Blue Star Opportunities Corp. Accelerates Expansion of Its Factory
Outlet Stores Based on Successful New Flagship Design
Six New Outlets Will Drive 300% Growth to $20 Million by Q3 2013
LAS VEGAS, NV -- (Marketwire) -- 10/25/12 -- Blue Star Opportunities
Corp. (The "Company") (PINKSHEETS: BSTO) announces that it has
completed a strong quarter and is well on its way to meeting its
expansion targets for its new network of factory sales outlets. The
3-year expansion plan calls for 36 additional new stores in targeted
high traffic areas. This is in addition to the current 4 sales
outlets now in operation, and another 3 sales outlets which are
currently in the process of completion.
To meet strong consumer demand, the Company has expanded its product
line adding 6 new Duro Design product lines. The ever-increasing
demand for environmentally friendly, new style concepts in flooring,
the fast growing segment which is expected to grow to 20% of the
estimated $25 Billion American flooring market. Currently the Company
now offers 10 major product lines with another 10 product lines in
development and slated to hit the market within the coming year.
The company operates a unique proprietary production chain of LEED
standard flooring that will easily supply its new network of 36
factory outlets and associated resellers as well as its business of
supplying an institutional market that includes museums, churches and
retail store chains. With these networks, the company feels it will
be in a strong leadership position to secure a 3% share of the United
States and Canadian specialty flooring market niches, valued at as
much as $150 Million in revenues annually.
New construction and renovations, whether by individuals,
professionals, or larger commercial construction companies, will
likely look to a new LEED standard in flooring, a standard in which
we have been a leader for over a decade. Blue Star's Duro Design
brand is being sought after to participate in major bids for
multi-million dollar commercial real estate projects.
Our ongoing core business of supplying ecology-sensitive clients like
fast growing store chain Lululemon Athletica continues to thrive, and
we have garnered significant additional business through our success
in these store-wide deployments.
Going forward, Blue Star expects to open its next wave of 12 factory
outlets by Q3 2013 which will contribute to help the company reach
annual sales of no less than $20 Million.
Financial results for last quarter will be posted in the second week
ABOUT BLUE STAR
Blue Star Opportunities Corp. is a supplier of
environmentally friendly components used in renovation and
construction of family homes, commercial and retail space, and
multi-unit dwellings. Its products include materials for housing
parts that are traditionally made of wood. It is now a leader in LEED
certified bamboo and cork flooring offered in hundreds of beautiful
hand finished colors offered at factory prices. The Company's policy
is to offer to its clients LEEDS-validated materials from renewable
resources in order to service the growing market of consumers and
end-users who are demanding green products for their homes and
FORWARD-LOOKING STATEMENTS Except for historical information provided
herein, this press release may contain information and statements of
a forward-looking nature concerning the future performance of the
Company. These statements are based on suppositions and uncertainties
as well as on management's best possible evaluation of future events.
Such factors may include, without excluding other considerations,
fluctuations in quarterly results, evolution in customer demand for
y's products and services, the impact of price pressures
exerted by competitors, and general market trends or economic
changes. As a result, readers are advised that actual results may
differ from expected results.
For further information, please contact:
514 969 6419
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